With a Bank Credit Card, You Can Often Avoid Interest

question 99

Multiple Choice

With a bank credit card, you can often avoid interest charges if:

• A) the account balance is paid in full every month.
• B) at least half the account balance is paid every month.
• C) the minimum payment is made every month.
• D) the account is a revolving credit account.
• E) the account balance is below the credit limit.

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Definitions:

U.S. GNP

Gross National Product of the United States, which is the total market value of all final goods and services produced by residents of the country within a specific time period, regardless of production location.

American Doctor

A licensed medical practitioner in the United States qualified to diagnose and treat illnesses, injuries, and other health conditions.

Net Exports

The net trade balance of a country, calculated by subtracting its total imports from its total exports.

Imports

Products and services imported from other countries for the purpose of selling them domestically.